Spending Vs Not Spending Your Money
If you know your money is worth less in the future then you’ll spend it now.
If you know your money is worth more in the future you won’t spend it.
When people spend their money on products and services then inflation occurs. Businesses revenues go up slightly more — thanks to inflation — and that means they can afford to pay their employees slightly more each year.
When people don’t spend money, deflation occurs. Deflation typically happens around or during a recession.
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